5020 Red Cedar Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 10, 2026 | In contract | - | |
| In contract | |||
| Apr 2, 2026 | Listed by Keller Williams Elite Realty | $629,900 | |
| Listed by Keller Williams Elite Realty | |||
| Oct 8, 2025 | Price Decreased |
$799,000
↓ $51K
(6%) | |
| Price Decreased | |||
| Sep 15, 2025 | Listed | $850,000 | |
| Listed | |||
| | |||
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Welcome to your private oasis with a pond! Tucked away on a beautifully landscaped 1.69-acre lot in a prime location, this rare find offers the perfect blend of comfort, nature, and versatility. This expansive ranch-style home features 3 spacious bedrooms and 3 full bathrooms, all thoughtfully laid out for easy one-level living. The oversized primary suite boasts gleaming pine floors and a custom walk-in closet, providing a serene escape with rustic charm. Step outside to truly fall in love—your backyard is a dream come true. Enjoy morning coffee or evening gatherings on the huge deck overlooking a peaceful private pond, framed by lush trees and vibrant azaleas. Whether you're fishing off your private dock, soaking in the sights and sounds of nature, or entertaining guests, this home delivers an unmatched lifestyle. Additional features include: Gated entry and fully fenced yard for privacy and security; Separate barn/workshop ideal for storing cars, boats, or outdoor gear; Gorgeous wooded setting with seasonal blooms and mature trees within a location that feels secluded yet is close to everything! Don't miss this once-in-a-lifetime chance to own a slice of paradise. This property checks every box: space, charm, water access, and privacy, all in a highly desirable area.
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About Wake
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Currently no similar homes aroundNearby Rentals
$1,675 /mo
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$2,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017